Trump announced a 10% baseline tariff on all imports, with higher rates for major trading partners, including 34% on China and 20% on the EU.
'Risk' was slammed lower, with yen and gold benefitting.
EUR/USD trade under 1.0820 and has now recovered to above 1.0910 as I post.
This is only going to be a taste of the volatility to come in the hours ahead as more of Asia comes on line and then Europe/UK trade responds. I'd be wary of further upside from here.
Updates:
USD/JPY is around 147.90gold is around US$3164 This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about eur risen strongly in asia morning trade after trump tariff announcement sell off earlier was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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